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Your "purchase price" also known as your cost basis, consists of your stock purchases through your direct purchase plan plus your stock dividends throughout the years. The best way to calculate your cost basis is by gathering all of your year-end statements that show your purchases during the year. You can also get the Dividend information from your 1099-DIV from each Tax Year.
For example, let's say you paid $200 for 10 shares of Walmart stock during 2016 and $150 for 10 shares during 2017. You received $25 in Walmart dividends in 2016 and $20 in Walmart dividends in 2017. Your cost basis for your 20 shares of the Walmart stock will be [$200 + $150 + $25 + $20 = $395].
You will receive a Form 1099-B for the sale of your Walmart Stock. When you put that into TurboTax, it will walk you through the process of reporting the sale of your Walmart Stock.
See the TurboTax FAQ below for more details on calculating the cost basis of your stock:
Your "purchase price" also known as your cost basis, consists of your stock purchases through your direct purchase plan plus your stock dividends throughout the years. The best way to calculate your cost basis is by gathering all of your year-end statements that show your purchases during the year. You can also get the Dividend information from your 1099-DIV from each Tax Year.
For example, let's say you paid $200 for 10 shares of Walmart stock during 2016 and $150 for 10 shares during 2017. You received $25 in Walmart dividends in 2016 and $20 in Walmart dividends in 2017. Your cost basis for your 20 shares of the Walmart stock will be [$200 + $150 + $25 + $20 = $395].
You will receive a Form 1099-B for the sale of your Walmart Stock. When you put that into TurboTax, it will walk you through the process of reporting the sale of your Walmart Stock.
See the TurboTax FAQ below for more details on calculating the cost basis of your stock:
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